Lentil price in Canada is beneficial for producers and exporters

06-Feb-2025 08:34 PM

The current situation for lentil producers and exporters in Canada is indeed quite favorable, especially with high prices for thick green lentils. At 60 cents per pound for Extra No. 2 and 1 grade, producers are seeing profitable returns.

The price of red lentils, though stable at 34 cents per pound, remains competitive, largely driven by global demand and production shifts.

The key factor contributing to the higher prices is the reduced production of lentils in Australia. This, coupled with a slow pace of shipments from there, has created an opportunity for Canada to increase its market share, especially in the Indian market, which remains a key destination for lentil exports.

Even with the customs duty announcement from the US, which could potentially affect some agricultural exports, Canadian lentils haven't been significantly impacted, as only a small volume of lentils is typically exported to the US.

Looking ahead, the increase in sowing areas for thick green lentils in Canada is expected to boost production, helping to meet the growing demand, particularly with the competition in red lentils, where Australia is the main player.

The global market dynamics, including Canada's position as a major exporter and the strong demand for green lentils, suggest a favorable outlook for the Canadian lentil industry.

This environment also presents opportunities for Canadian exporters to maintain their presence in key markets and potentially secure higher prices for their products. Would you like more details on the global lentil trade or other factors affecting the market?